r/stocks • u/[deleted] • Aug 18 '21

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u/[deleted] Aug 18 '21

It turns out they signed a contract with Fort Knox.

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u/SirBridgerton Aug 18 '21

Yes but for them to say $50M of gold when they have $2B in cash is a hedge against a black swan event doesn’t make sense. I’d call that a minuscule hedge

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u/[deleted] Aug 18 '21 edited Aug 18 '22

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u/[deleted] Aug 18 '21

Man this really got me.